UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 15, 1999
Date of Report (Date of Earliest Event Reported)
HOWARD B. WOLF, INC.
State of Texas 1-6775 75-0847571
(State or other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
3809 Parry Avenue
Dallas, Texas 75226-1753
(Address of Principal Executive Offices) (Zip Code)
214.823.9941
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed since last Report)
<PAGE>
ITEM 5. OTHER EVENTS.
Pursuant to an agreement dated as of March 15, 1999 (the
"Agreement"), Howard B. Wolf (the "Registrant") consummated the
sale of its real property and buildings located at 3809 Parry
Avenue and 4136 Commerce Street , Dallas, Texas, the principal
office and manufacturing facility of the Registrant (the
"Properties") to an unrelated third party (the "Buyer") for a
sales price of $1,700,000 in cash ($1,549,000 net). Pursuant to
the terms of the Agreement, the Registrant will lease back the
Properties through June 30, 1999 for a cost of approximately
$50,000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBIT NO. DESCRIPTION
99.1 Press Release, dated April 7, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly
authorized.
HOWARD B. WOLF, INC.
(President)
By: /s/ EUGENE K. FRIESEN
--------------------------------
EUGENE K. FRIESEN
Senior Vice President and Treasurer
(Principal Financial and Duly Authorized
Officer)
<PAGE>
HOWARD B. WOLF, INC.
3809 Parry Avenue, Dallas, Texas 75226-1797
FOR IMMEDIATE RELEASE
April 7, 1999
DALLAS, TEXAS....Howard B. Wolf, Inc. (HBW-AMEX) Dallas
based women's fashion apparel manufacturer, announced today that
it had entered into an agreement with Jean Saint Germain, a
California corporation, pursuant to which the Company agreed to
sell to Jean Saint Germain all of the assets necessary to produce
salesmen's samples of the HOWARD WOLF Fall 1999 collection. The
Company also announced that the agreement with Jean Saint Germain
will not affect the Company's plans to complete its Spring and
Summer 1999 collections.
In addition, the Company stated that subject to the approval
of the Company's shareholders of a Plan of Complete Liquidation
and Dissolution adopted by the Company's Board of Directors on
February 3, 1999 the Company would sell to Jean Saint Germain the
names Howard Wolf, Pret-A-Porte and VSOP and certain intellectual
property with respect to such names. During the period between
the date of the agreement with Jean Saint Germain and the closing
date of the agreement, Jean Saint Germain has use of those names.
The Company also announced that on March 16, 1999 it sold
its principal office and manufacturing facility in Dallas, Texas
to an unrelated third party for a total sales price of $1,700,000
($1,549,000 net), and leased back the premises through the period
ending June 30, 1999, for a cost of approximately $50,000.
